Microbrewery Equipment Market growth rate is projected to be 5.9% until 2030. The global market value should be USD 17.45 billion in 2023. It should be USD 26.21 billion in 2023-2030.
Microbrewery equipment is used to ferment the malt by-products that will become beer. Fermentation is vital to produce good lagers. The microbrewery equipment plays a vital role in fermenting the beer.
The grains (barley) that are fermented to produce different types of beer are rich in key vitamins, nutrients, and antioxidants. Thus, beers are a significant source of vital nutrition. The fact that they are rich in antioxidants means that they can offer their customers several health benefits including fewer illnesses and the chance to live a longer and healthier life. These are some of the reasons why various types of lagers have become more popular in recent years.
Beers are also rich in fibre and polyphenols. Thus, they may keep the people who drink them more regular.
Microbrewery equipment is used in small, medium, and large-scale enterprises alike. It includes monitoring tools and systems whose sole purpose is to check the quantity and quality of beers being brewed. The trend in recent years has been to automate as many of these systems and tools as possible.
COVID-19 Analysis
COVID-19 is a dangerous virus and its presence is changing the destiny of the world. The world was already headed towards the digital age but COVID-19 is accelerating this trend. This virus made concepts like social distancing, contactless delivery, and remote working the new norm.
Governments and public health officials realized that COVID-19 had to be taken seriously. That’s why they imposed quarantines and lockdowns. These were temporary since they didn’t really work. However, the long-term effects that they had on many businesses around the world were long-term and devastating. Most businesses found that they had to either shut operations down, at least temporarily or dramatically scale back production.
The companies in the global microbrewery industry were no exception. Many manufacturers found that they had excess inventory as sales suddenly dropped. People were staying in much more often and thus were turning to online stores to buy beer. It’s also wreaked havoc on beer’s global supply chain and distribution networks.
What’s boosting growth in the global microbrewery equipment market is the fact that more and more people are using this equipment to produce beer at home. Many people find that brewing their own beer is far less costly than buying beer that has been brewed in a brewery.
Many people are gravitating towards drinking more beer because it’s relatively low in calories and a rich source of antioxidants. This factor is also driving growth in the global microbrewery equipment market.
Many companies in the global microbrewery equipment market are enticed by the higher CAGR of the market. They are also enticed by its higher market value. These companies are seizing upon the greater demand for different types of beers by ensuring that their facilities are equipped with the latest and most technologically advanced equipment available.
They are also investing heavily in research and development to develop the type of microbrewery equipment that will allow them to brew beer in an environmentally friendly manner.
Microbrewery equipment can be costly, especially the newer generation that is environmentally friendly and technologically advanced. The high cost of maintaining and repairing microbrewer equipment is also another restraining factor. These machines also require a great deal of energy to operate efficiently. High energy costs are another restraining factor.
Perhaps the greatest challenge that companies in the global microbrewery equipment market face lie in trying to produce a newer generation of equipment that is technologically advanced and environmentally friendly enough to brew more beer but is priced at price points that the global masses can afford.
The global market growth rate is projected to be 9.30% until 2027. The global microbrewery equipment market value should be USD 500 billion in 2024. It should be USD 4.8 billion in 2027.
Technology Analysis
ICC Northwest Inc is a major American player in the global microbrewery market. It is an industry leader. It invested heavily in research and development. Thus, ICC Northwest Inc was able to market those technologically advanced and environmentally friendly products at higher price points. The company was also able to create a sustainable competitive advantage.
This segment generated the largest revenue stream of all of the segments in the global microbrewery market in 2018. This trend is expected to continue for the time period that this report covers. Barley and other grains must ferment for beer to be produced. Different breweries have different types of equipment because they produce different types of beer.
This equipment deteriorates quickly because it’s constantly exposed to malt, grains, alcohol, and chemicals. All of these are used to produce quality lagers. The equipment needs constant maintenance. It also needs to be repaired and replaced regularly. These factors are contributing to the industry’s rapid growth rate.
The type segment can be grouped into the following sub-segments:
This segment can be grouped into the following sub-segments:
The semi-automatic and automatic sub-segment had the largest microbrewery equipment market share in 2018. It’s also expected to enjoy the highest microbrewery equipment market growth rate for the time period that this report covers.
The global microbrewery equipment market can be grouped into the following regions:
Regional Analysis
The European Union currently has the largest microbrewery equipment market share at 48.2%. This was according to 2019 data. The European Union is expected to have the largest market share for the time period that this report covers. One reason for this is the fact that many nations in the European Union have large numbers of beer consumers. One case in point is Germany. Another is Austria.
Another factor that is contributing to the European Union’s dominance in terms of microbrewery equipment market share is the fact that many larger companies in the region are merging with and/or acquiring other similar companies.
The Asia-Pacific region is witnessing respectable growth in the regional microbrewery equipment market. China, especially, has the largest microbrewery equipment market share of any nation in the Asia-Pacific region. The reason why is that the Chinese prefer to drink different types of beers. Microbrewery equipment is capable of producing these different varieties of beers.
Asians are gravitating towards drinking different varieties of beer because they perceive that it improves their overall health.
The North American region held a sizeable portion of the global microbrewery equipment market share in 2019. The region is expected to enjoy a high growth rate for the time period that this report covers.
The global market is highly competitive. It’s also extremely fragmented. The reasons for this are that the market has a high CAGR. It’s also highly lucrative. Thus, many companies are enticed to enter the market. It’s especially the case with larger companies with huge treasuries. There are also a few barriers to entry into this industry and minimal capital requirements. Thus, the industry is saturated with companies of all sizes.
Most companies find that they can remain competitive if they invest heavily in research and development. They are able to develop a new generation of equipment that is technologically advanced, environmentally friendly, and has newer and more innovative applications. These companies are thus able to create a sustainable competitive advantage.
Companies also find that merging with and acquiring other successful companies helps them stay financially profitable and commercially and economically viable. These companies are able to access resources through mergers and acquisitions that they would otherwise not be able to. Thus, they are able to develop a sustainable competitive advantage.
Partnerships with successful companies in the industry allow companies to accomplish the same goals as mergers and acquisitions do.
ICC Northwest Inc is a major American player in the global microbrewery market. It leads because it invested heavily in research and development. Thus, it was able to develop and market that equipment that would give it a sustainable competitive advantage.
Recent Developments
Report Overview
| Report Attribute/Metric | Details |
| Market Size | USD 26.21 billion (2023 to 2030) |
| CAGR | CAGR of 5.9% from 2023 to 2030 |
| Base Year | 2019 |
| Forecast Period | 2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Mode of Operation |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | ICC Northwest, Inc. (US), Krones AG (Germany), LEHUI (China), BrauKon GmbH (Germany), Paul Mueller Company (US), MEURA (Belgium), Della Toffola SpA (Italy), Shanghai HengCheng Beverage Equipment Co., Ltd (China), ALFA LAVAL (Sweden), GEA Group Aktiengesellschaft (Germany) |
| Key Market Opportunities | Large-scale capital requirements |
| Key Market Drivers | Surging demand for craft beer.Entry of large brewers in the microbrewery marketChanging consumer perception of microbreweries |
Microbrewery Equipment Market Highlights:
Frequently Asked Questions (FAQ) :
Microbrewery equipment market is projected to grow at a 9.30% CAGR between 2020-2027.
Europe is expected to dominate the microbrewery equipment market.
Fermentation equipment will lead the microbrewery equipment market.
Microbrewery equipment market is predicted to touch USD 4.8 billion by 2027.
High cost may limit the microbrewery equipment market growth.
Assistant Manager - Research High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. by implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in packaging, construction, and equipment domains. she handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.
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